Form 8-K

8-K — COLUMBIA SPORTSWEAR CO

Accession: 0001050797-26-000148

Filed: 2026-10-29

Period: 2026-10-29

CIK: 0001050797

SIC: 2300 (APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — colm-20261029.htm (Primary)

EX-99.1 (colmfy26q3exhibit991.htm)

EX-99.2 (cfocommentaryq32026_vf.htm)

GRAPHIC (cfocommentaryq32026_vf001.jpg)

GRAPHIC (cfocommentaryq32026_vf002.jpg)

GRAPHIC (cfocommentaryq32026_vf003.jpg)

GRAPHIC (cfocommentaryq32026_vf004.jpg)

GRAPHIC (cfocommentaryq32026_vf005.jpg)

GRAPHIC (cfocommentaryq32026_vf006.jpg)

GRAPHIC (cfocommentaryq32026_vf007.jpg)

GRAPHIC (cfocommentaryq32026_vf008.jpg)

GRAPHIC (cfocommentaryq32026_vf009.jpg)

GRAPHIC (cfocommentaryq32026_vf010.jpg)

GRAPHIC (cfocommentaryq32026_vf011.jpg)

GRAPHIC (cfocommentaryq32026_vf012.jpg)

GRAPHIC (cfocommentaryq32026_vf013.jpg)

GRAPHIC (cfocommentaryq32026_vf014.jpg)

GRAPHIC (cfocommentaryq32026_vf015.jpg)

GRAPHIC (cfocommentaryq32026_vf016.jpg)

GRAPHIC (cfocommentaryq32026_vf017.jpg)

GRAPHIC (cfocommentaryq32026_vf018.jpg)

GRAPHIC (cfocommentaryq32026_vf019.jpg)

GRAPHIC (cfocommentaryq32026_vf020.jpg)

GRAPHIC (cfocommentaryq32026_vf021.jpg)

GRAPHIC (logo3a91.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: colm-20261029.htm · Sequence: 1

colm-20261029

0001050797false00010507972026-10-292026-10-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 29, 2026

COLUMBIA SPORTSWEAR COMPANY

(Exact name of registrant as specified in its charter)

Oregon 000-23939 93-0498284

(State or other jurisdiction

of incorporation) (Commission

File Number) (I.R.S. Employer

Identification No.)

14375 Northwest Science Park Drive

Portland, Oregon 97229

(Address of principal executive offices) (Zip code)

(503) 985-4000

(Registrant’s telephone number, including area code)

No Change

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each

exchange on which registered

Common stock COLM Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On October 29, 2026, Columbia Sportswear Company (the "Company") issued a press release reporting its third quarter and first nine months 2026 financial results, updating its full year 2026 financial outlook, providing preliminary first half 2027 commentary, and announcing a quarterly dividend. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in this report shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

Attached hereto as Exhibit 99.2 and incorporated by reference herein is the CFO Commentary and Financial Review presentation by Jim A. Swanson, Executive Vice President and Chief Financial Officer of the Company, on the Company's third quarter 2026 financial results, as well as its full year 2026 financial outlook and preliminary first half 2027 commentary, as posted on the Company's investor relations website, https://investor.columbia.com, on October 29, 2026. The information in this report shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.

ITEM 7.01 REGULATION FD DISCLOSURE

In its October 29, 2026 press release, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock to be paid on December 3, 2026 to its shareholders of record on November 19, 2026.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

99.1

Press Release, dated October 29, 2026 (furnished pursuant to Items 2.02 and 7.01 hereof).

99.2

CFO Commentary and Financial Review Presentation, dated October 29, 2026 (furnished pursuant to Items 2.02 and 7.01 hereof).

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

COLUMBIA SPORTSWEAR COMPANY

Dated: October 29, 2026

By: /S/ JIM A. SWANSON

Jim A. Swanson

Executive Vice President and Chief Financial Officer

EX-99.1

Filename: colmfy26q3exhibit991.htm · Sequence: 2

Document

Exhibit 99.1

Columbia Sportswear Company Reports Third Quarter 2026 Financial Results;

Updates Full Year 2026 Financial Outlook

Third Quarter 2026 Highlights

•Net sales increased 2 percent (2 percent constant-currency) to $962.6 million, compared to third quarter 2025.

•Operating income of $109.6 million, or 11.4 percent of net sales, compared to third quarter 2025 operating income of $67.4 million, or 7.1 percent of net sales. Third quarter 2025 operating income included $29.0 million of impairment charges related to prAna and Mountain Hardwear.

•Diluted earnings per share of $1.66, compared to third quarter 2025 diluted earnings per share of $0.95. Third quarter 2025 impairment charges negatively impacted diluted earnings per share by $0.46.

•Exited the quarter with $229.6 million of cash, cash equivalents and short-term investments and no borrowings.

Full Year 2026 Financial Outlook

The following forward-looking statements reflect our expectations as of October 29, 2026 and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. Additional disclosures and financial outlook details can be found in the Full Year 2026 Financial Outlook section below and the CFO Commentary and Financial Review presentation.

•Net sales of $3.46 to $3.50 billion (prior $3.43 to $3.50 billion), representing net sales growth of 2.0 to 3.0 percent (prior 1.0 to 3.0 percent) compared to 2025.

•Gross margin of 52.1 percent to 52.3 percent (unchanged), including the impact of IEEPA tariff refunds.

•Operating income of $300 to $320 million (prior $290 to $325 million), representing operating margin of 8.7 to 9.1 percent of net sales (prior 8.5 to 9.3 percent).

•Diluted earnings per share of $4.65 to $4.90 (prior $4.45 to $4.90).

PORTLAND, Ore. - October 29, 2026 - Columbia Sportswear Company (NASDAQ: COLM, the “Company”), a multi-brand global leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment, today announced third quarter 2026 financial results for the period ended September 30, 2026.

Chairman and Chief Executive Officer Tim Boyle commented, “We’re pleased to have delivered net sales and EPS growth exceeding our guidance for the third quarter. These results primarily reflected a portion of delayed Fall ’26 wholesale orders shipping earlier-than-expected, improved trends in our U.S. DTC business, and the continued momentum of our international business, despite challenging global macroeconomic conditions.

“Our third quarter performance provides continued tangible signs of progress with our ACCELERATE Growth Strategy. We are particularly encouraged by the momentum building in our Columbia brand U.S. DTC E-Commerce business, which represents the pinnacle expression of our brand.

“While fourth quarter execution will be critical to our full year performance, better-than-expected third quarter performance combined with improving trends in our U.S. business and the shipment of remaining Fall ’26 global wholesale orders gives us the confidence to raise the low end of our full-year revenue and EPS guidance.

“The operating environment remains challenging and uncertain, and we will continue working to elevate the Columbia brand and improve consumer perceptions in the U.S. That said, we are increasingly confident that the Columbia brand ACCELERATE Growth Strategy is gaining traction and putting us on the right track to return to healthy, sustainable growth over the longer-term. We remain focused on what we can control, and will continue executing our strategy and vision to:

•accelerate profitable growth;

•create iconic products that are differentiated, functional and innovative;

•drive brand engagement with increased, focused demand creation investments;

•enhance consumer experiences by investing in capabilities to delight and retain consumers;

•amplify marketplace excellence that is digitally-led, omni-channel, and global; and

•empower talent that is driven by our core values.”

CFO’s Commentary and Financial Review Presentation Available Online

For a detailed review of the Company’s third quarter 2026 financial results, please refer to the CFO Commentary and Financial Review presentation furnished to the Securities and Exchange Commission (the “SEC”) on a Current Report on Form 8-K and published on the Investor Relations section of the Company’s website at http://investor.columbia.com/financial-results at approximately 4:15 p.m. ET today. Analysts and investors are encouraged to review this commentary prior to participating in our conference call.

ACCELERATE Growth Strategy

ACCELERATE is a growth strategy intended to elevate the Columbia brand to attract younger and more active consumers. It is a multi-year effort centered around several consumer-centric shifts to our brand, product and marketplace strategies, as well as enhanced ways of working. Last year, the Columbia brand launched its new brand platform “Engineered for Whatever” through a global brand campaign, released certain new products designed with a younger, more active consumer in mind, and re-launched the U.S. Columbia.com website, with enhanced features and photography. The foundational shifts of the ACCELERATE Growth Strategy are continuing to show tangible signs of traction with our target consumers. As the strategy evolves, the Columbia brand is sharpening its focus on strategic pillars, and building credibility, relevance and style in outdoor performance and lifestyle. For more information on the ACCELERATE Growth Strategy, please refer to the CFO Commentary and Financial Review presentation.

Third Quarter 2026 Financial Results

(All comparisons are between third quarter 2026 and third quarter 2025, unless otherwise noted.)

Net sales increased 2 percent (2 percent constant-currency) to $962.6 million from $943.4 million for the comparable period in 2025. Sales growth in most of our international markets was partially offset by lower U.S. net sales, which reflected later shipments of Fall 2026 wholesale orders, partially offset by growth in our direct-to-consumer (“DTC”) business.

Gross margin contracted 20 basis points to 49.8 percent of net sales from 50.0 percent of net sales for the comparable period in 2025. Gross margin contraction primarily reflected accommodations to our factory partners, partially offset by the current-period benefit of International Emergency Economic Powers Act (“IEEPA”) tariff refunds previously received.

SG&A expenses were $375.6 million, or 39.0 percent of net sales, compared to $380.9 million, or 40.4 percent of net sales, for the comparable period in 2025.

Impairment of goodwill and intangible assets of $29.0 million related to prAna and Mountain Hardwear in third quarter 2025, compared to no such charges in third quarter 2026.

Operating income of $109.6 million, or 11.4 percent of net sales, compared to operating income of $67.4 million, or 7.1 percent of net sales, for the comparable period in 2025.

Interest income, net of $2.8 million, compared to $2.9 million for the comparable period in 2025.

Income tax expense of $26.8 million resulted in an effective income tax rate of 24.0 percent, compared to income tax expense of $19.0 million, or an effective income tax rate of 26.7 percent, for the comparable period in 2025.

Net income of $84.7 million, or $1.66 per diluted share, compared to net income of $52.0 million, or $0.95 per diluted share, for the comparable period in 2025. Third quarter 2025 impairment charges negatively impacted diluted earnings per share by $0.46.

First Nine Months 2026 Financial Results

(All comparisons are between first nine months 2026 and first nine months 2025, unless otherwise noted.)

Net sales increased 1 percent (flat on a constant-currency basis) to $2,356.0 million from $2,327.1 million for the comparable period in 2025.

Gross margin expanded 220 basis points to 52.3 percent of net sales from 50.1 percent of net sales for the comparable period in 2025. Gross margin expansion primarily reflected an approximate 230 basis point current-period benefit of IEEPA tariff refunds previously received, net of accommodations to our factory partners.

SG&A expenses were $1,065.0 million, or 45.2 percent of net sales, compared to $1,061.0 million, or 45.6 percent of net sales, for the comparable period in 2025.

Impairment of goodwill and intangible assets of $29.0 million related to prAna and Mountain Hardwear in the first nine months of 2025, compared to no such charges in the first nine months of 2026.

Operating income of $182.5 million, or 7.7 percent of net sales, compared to $90.3 million, or 3.9 percent of net sales, for the comparable period in 2025.

Interest income, net of $13.9 million, compared to $14.5 million for the comparable period in 2025.

Income tax expense of $49.5 million resulted in an effective income tax rate of 25.4 percent, compared to $25.2 million, or an effective income tax rate of 23.1 percent, for the comparable period in 2025.

Net income of $145.6 million, or $2.82 per diluted share, compared to $84.1 million, or $1.53 per diluted share, for the comparable period in 2025. The current-period benefit of IEEPA tariff refunds previously received, net of accommodations to our factory partners, benefited diluted earnings per share by $0.85.

Balance Sheet as of September 30, 2026

Cash, cash equivalents, and short-term investments totaled $229.6 million, compared to $236.0 million as of September 30, 2025.

The Company had no borrowings as of either September 30, 2026 or September 30, 2025.

Inventories increased 11 percent to $889.2 million, compared to $800.4 million as of September 30, 2025. Inventory growth primarily reflected higher in-transit inventory from delayed Fall 2026 receipts and earlier production of Spring 2027 inventory. Inventory at quarter-end primarily consisted of current and future season product, with older season inventories representing a manageable portion of total inventory.

Cash Flow for the Nine Months Ended September 30, 2026

Net cash used in operating activities was $280.5 million, compared to $333.4 million for the comparable period in 2025.

Capital expenditures totaled $40.8 million, compared to $46.6 million for the comparable period in 2025.

Share Repurchases for the Nine Months Ended September 30, 2026

The Company repurchased 3,342,569 shares of common stock for an aggregate of $200.0 million, or an average price per share of $59.83.

At September 30, 2026, $226.5 million remained available under our stock repurchase authorization, which does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.

Quarterly Cash Dividend

The Board of Directors approved a regular quarterly cash dividend of $0.30 per share, payable on December 3, 2026 to shareholders of record on November 19, 2026.

Full Year 2026 and Preliminary First Half 2027 Financial Outlooks

(Additional financial outlook details can be found in the CFO Commentary and Financial Review presentation.)

The Company’s full year 2026 and fourth quarter 2026 Financial Outlooks, and preliminary first half 2027 commentary are forward-looking in nature, and the following forward-looking statements reflect our expectations as of October 29, 2026, and are subject to significant risks and business uncertainties, including those factors described under “Forward-Looking Statements” below. These risks and uncertainties limit our ability to accurately forecast results. The Company’s Financial Outlook assumes that the current U.S. tariff rates remain in place through the end of this year.

Net sales are expected to increase 2.0 to 3.0 percent (prior 1.0 to 3.0 percent), resulting in net sales of $3.46 to $3.50 billion (prior $3.43 to $3.50 billion), compared to $3.40 billion in 2025. Foreign currency translation is expected to benefit net sales by approximately 50 to 70 basis points (prior 30 to 50 basis points).

Gross margin is expected to expand 160 to 180 basis points resulting in gross margin of 52.1 to 52.3 percent of net sales (unchanged), compared to 50.5 percent of net sales in 2025. Gross margin expectations include an approximate 180 basis-point benefit from IEEPA tariff refunds, net of accommodations to our factory partners.

SG&A expenses, as a percent of net sales, are expected to be 43.8 to 44.0 percent (prior 43.6 to 44.2 percent), compared to SG&A expense as a percent of net sales of 44.2 percent in 2025.

Operating margin is expected to be 8.7 to 9.1 percent of net sales (prior 8.5 to 9.3 percent), compared to operating margin of 6.1 percent of net sales in 2025.

Effective income tax rate is expected to be approximately 25.0 percent (unchanged).

Diluted earnings per share is expected to be $4.65 to $4.90 (prior $4.45 to $4.90), compared to $3.24 in 2025.

Operating cash flow is expected to be $230 to $250 million (prior $290 to $310 million). The change in projected operating cash flow is due to earlier production of Spring 2027 inventory, which is expected to increase our year-end inventory balance.

Capital expenditures are planned to be in the range of $60 to $70 million (prior $65 to $75 million).

Fourth Quarter 2026 Financial Outlook

•Net sales are expected to be $1,108 to $1,145 million, representing growth of 3.5 to 7.0 percent from $1,070 million for the comparable period in 2025. Net sales guidance includes the impact of a higher proportion of Fall 2026 shipments occurring in fourth quarter 2026 in comparison to the timing of Fall 2025 shipments last year.

•Operating income is expected to be 10.8 to 12.0 percent of net sales, compared to operating income of 10.9 percent of net sales for the comparable period in 2025. Operating margin includes a slight expected cost of sales benefit from the remaining IEEPA tariff refunds included in inventory.

•Diluted earnings per share is expected to be $1.85 to $2.10, compared to $1.73 for the comparable period in 2025. This range reflects an estimated effective tax rate of approximately 24.5 percent for the fourth quarter.

Preliminary First Half 2027 Commentary

•Wholesale net sales are expected to grow in the mid-single-digit percent range for the first half of 2027, which reflects an increase of our Spring 2027 wholesale order book, and forecasted effects from reorders, replenishment orders and cancellations.

Conference Call

The Company will hold its third quarter 2026 conference call at 5:00 p.m. ET today. Dial (888) 506-0062 to participate. The call will also be webcast live on the Investor Relations section of the Company’s website at https://investor.columbia.com.

Supplemental Financial Information

Since Columbia Sportswear Company is a global company, the comparability of its operating results reported in United States dollars is affected by foreign currency exchange rate fluctuations because the underlying currencies in which it transacts change in value over time compared to the United States dollar. To supplement financial information reported in accordance with GAAP, the Company discloses constant-currency net sales information, which is a non-GAAP financial measure, to provide a framework to assess how the business performed excluding the effects of changes in the exchange rates used to translate net sales generated in foreign currencies into United States dollars. The Company calculates constant-currency net sales by translating net sales in foreign currencies for the current period into United States dollars at the average exchange rates that were in effect during the comparable period of the prior year. Management believes that this non-GAAP financial measure reflects an additional and useful way of viewing an aspect of our operations that, when viewed in conjunction with our GAAP results, provides a more comprehensive understanding of our business and operations. In particular, investors may find the non-GAAP financial measure useful by reviewing our net sales results without the volatility in foreign currency exchange rates. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical net sales results and comparisons to competitors’ net sales results.

The non-GAAP financial measures should be viewed in addition to, and not in lieu of or superior to, our financial measures calculated in accordance with GAAP. The Company provides a reconciliation of non-GAAP measures to the most directly comparable financial measure calculated in accordance with GAAP. See the “Reconciliation of GAAP to Non-GAAP Financial Measures” table included herein. The non-GAAP financial measures presented may not be comparable to similarly titled measures reported by other companies.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the federal securities laws, including statements regarding the Company’s expectations, anticipations or beliefs about the Company’s ability to realize growth opportunities and manage expenses; the Company’s ACCELERATE Growth Strategy and efforts to elevate its brand, inventory levels and composition; share repurchases; financial position; marketing strategies; timing and payment of dividends; the impact of foreign currency translation; the effect of, and any changes to, tariff rates and refunds; and the Company’s expectations regarding its financial results for full year 2026 net sales, gross margin, SG&A expenses, operating margin, effective income tax rate, diluted earnings per share, operating cash flow, and capital expenditures; fourth quarter 2026 net sales, operating margin, effective income tax rate, and diluted earnings per share; and first half 2027 wholesale net sales. Forward-looking statements often use words such as “will,” “anticipate,” “continue,” “estimate,” “expect,” “should,” “may,” “plan,” “intend,” and other words and terms of similar meaning or reference future dates. The Company’s expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis; however, each forward-looking statement involves a number of risks and uncertainties, including those set forth in this document, those described in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and those that have been or may be described in other reports filed by the Company, including reports on Form 8-K. Potential risks and uncertainties that may affect our future revenues, earnings and performance and could cause the actual results of operations or financial condition of the Company to differ materially from the anticipated results expressed or implied by forward-looking statements in this document include: loss of key customer accounts; our ability to execute our ACCELERATE Growth Strategy; our ability to effectively execute our business strategies, including initiatives to upgrade our business processes and information technology (“IT”) systems and investments in our DTC businesses; our ability to maintain the strength and security of our IT systems; the effects of unseasonable weather, including global climate change; the seasonality of our business and timing of orders; trends affecting

consumer spending, including changes in the level of consumer spending, and retail traffic patterns; unfavorable economic conditions generally; the financial health of our customers and retailer consolidation; higher than expected rates of order cancellations; changes affecting consumer demand and preferences and fashion trends; changes in international, federal or state tax, labor and other laws and regulations that affect our business, including changes in corporate tax rates, tariffs, international trade policy and geopolitical tensions, or increasing wage rates; our ability to attract and retain key personnel; risks inherent in doing business in foreign markets, including fluctuations in currency exchange rates, global credit market conditions, changes in global regulation and economic and political conditions and disease outbreaks; volatility in global production and transportation costs and capacity and timing; our ability to effectively manage our inventory and our wholesale customers’ ability to manage their inventories; our dependence on third-party manufacturers and suppliers and our ability to source at competitive prices from them or at all and our ability to import product; the effectiveness of our sales and marketing efforts; business disruptions and acts of terrorism, cyber-attacks or military activities around the globe; intense competition in the industry; our ability to establish and protect our intellectual property; and our ability to develop innovative products. The Company cautions that forward-looking statements are inherently less reliable than historical information. The Company does not undertake any duty to update any of the forward-looking statements after the date of this document to conform them to actual results or to reflect changes in events, circumstances or its expectations. New factors emerge from time to time, and it is not possible for the Company to predict or assess the effects of all such factors or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

About Columbia Sportswear Company

Columbia Sportswear Company connects active people with their passions and is a global multi-brand leading innovator in outdoor, active and lifestyle products including apparel, footwear, accessories, and equipment. Founded in 1938 in Portland, Oregon, the Company’s brands are sold in 122 countries. In addition to the Columbia® brand, Columbia Sportswear Company also owns the Mountain Hard Wear®, SOREL® and prAna® brands. To learn more, please visit the Company’s websites at www.columbia.com, www.mountainhardwear.com, www.sorel.com, and www.prana.com.

Investor Relations Contact:

Matt Tucker

(503) 985-1445

InvestorRelations@columbia.com

- Financial tables follow -

COLUMBIA SPORTSWEAR COMPANY

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

As of September 30,

(in thousands) 2026 2025

ASSETS

Current assets:

Cash and cash equivalents $ 216,924 $ 228,832

Short-term investments 12,655 7,195

Accounts receivable, net 654,427 610,458

Inventories 889,242 800,350

Prepaid expenses and other current assets 82,862 99,494

Total current assets 1,856,110 1,746,329

Property, plant and equipment, net 270,898 282,394

Operating lease right-of-use assets 408,974 429,562

Intangible assets, net 71,221 71,221

Goodwill 5,694 5,694

Deferred income taxes 103,984 112,634

Other non-current assets 73,485 64,713

Total assets $ 2,790,366 $ 2,712,547

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable $ 359,609 $ 244,365

Accrued liabilities 264,072 260,487

Operating lease liabilities 81,819 82,693

Income taxes payable 8,575 5,131

Total current liabilities 714,075 592,676

Non-current operating lease liabilities 376,316 397,618

Income taxes payable 11,771 14,399

Deferred income taxes 2,604 335

Other long-term liabilities 53,838 51,588

Total liabilities 1,158,604 1,056,616

Total shareholders' equity 1,631,762 1,655,931

Total liabilities and shareholders' equity $ 2,790,366 $ 2,712,547

COLUMBIA SPORTSWEAR COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended September 30,

Nine Months Ended September 30,

(in thousands, except per share amounts)

2026 2025 2026 2025

Net sales $ 962,582 $ 943,425 $ 2,355,957 $ 2,327,123

Cost of sales 483,563 471,607 1,123,544 1,162,140

Gross profit 479,019 471,818 1,232,413 1,164,983

Gross margin 49.8 % 50.0 % 52.3 % 50.1 %

Selling, general and administrative expenses 375,641 380,892 1,064,969 1,060,991

Impairment of goodwill and intangible assets — 29,000 — 29,000

Net licensing income 6,231 5,460 15,042 15,311

Operating income 109,609 67,386 182,486 90,303

Interest income, net 2,795 2,870 13,894 14,525

Other non-operating income (expense), net (837) 732 (1,255) 4,447

Income before income tax 111,567 70,988 195,125 109,275

Income tax expense 26,827 18,983 49,524 25,218

Net income $ 84,740 $ 52,005 $ 145,601 $ 84,057

Earnings per share:

Basic $ 1.67 $ 0.95 $ 2.83 $ 1.53

Diluted $ 1.66 $ 0.95 $ 2.82 $ 1.53

Weighted average shares outstanding:

Basic 50,835 54,540 51,537 55,013

Diluted 50,946 54,558 51,631 55,114

COLUMBIA SPORTSWEAR COMPANY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Nine Months Ended September 30,

(in thousands) 2026 2025

Cash flows from operating activities:

Net income $ 145,601 $ 84,057

Adjustments to reconcile net income to net cash used in operating activities:

Depreciation and amortization expense 41,094 42,147

Non-cash lease expense 68,356 62,989

Provision for uncollectible accounts receivable 666 1,775

Deferred income taxes 3,693 (3,779)

Share-based compensation

20,431 18,060

Loss on impairment of goodwill and intangible assets — 29,000

Other, net 2,560 (2,463)

Changes in operating assets and liabilities:

Accounts receivable (251,413) (184,166)

Inventories (201,687) (94,237)

Prepaid expenses and other current assets 11,551 (27,883)

Other assets (3,247) (441)

Accounts payable (26,118) (146,916)

Accrued liabilities (16,795) (28,433)

Income taxes payable (3,332) (25,302)

Operating lease assets and liabilities (71,678) (61,754)

Other liabilities (205) 3,903

Net cash used in operating activities (280,523) (333,443)

Cash flows from investing activities:

Purchases of short-term investments (89,095) (261,449)

Sales and maturities of short-term investments 432,363 547,181

Capital expenditures (40,789) (46,648)

Net cash provided by investing activities 302,479 239,084

Cash flows from financing activities:

Payment of line of credit issuance fees (843) —

Proceeds from issuance of common stock related to share-based compensation

2,523 5,264

Tax payments related to share-based compensation

(4,921) (5,964)

Repurchase of common stock (200,000) (171,687)

Cash dividends paid (46,325) (49,461)

Net cash used in financing activities (249,566) (221,848)

Net effect of exchange rate changes on cash 2,506 13,170

Net decrease in cash and cash equivalents (225,104) (303,037)

Cash and cash equivalents, beginning of period 442,028 531,869

Cash and cash equivalents, end of period $ 216,924 $ 228,832

Supplemental disclosures of cash flow information:

Cash paid during the period for income taxes $ 46,112 $ 78,338

Supplemental disclosures of non-cash investing and financing activities:

Property, plant and equipment acquired through increase in liabilities $ 8,750 $ 10,323

COLUMBIA SPORTSWEAR COMPANY

Reconciliation of GAAP to Non-GAAP Financial Measures

Net Sales Growth - Constant-currency Basis

(Unaudited)

Three Months Ended September 30,

Reported

Net Sales

Adjust for Foreign Currency

Constant-currency

Net Sales

Reported

Net Sales

Reported

Net Sales

Constant-currency

Net Sales

(in thousands, except percentage changes)

2026 Translation

2026(1)

2025 % Change

% Change(1)

Geographical net sales:

United States $ 540,872 $ — $ 540,872 $ 546,690 (1)% (1)%

Latin America and Asia Pacific 159,453 (1,056) 158,397 143,358 11% 10%

Europe, Middle East and Africa 175,285 964 176,249 164,461 7% 7%

Canada 86,972 1,560 88,532 88,916 (2)% —%

Total $ 962,582 $ 1,468 $ 964,050 $ 943,425 2% 2%

Brand net sales:

Columbia $ 826,242 $ 1,005 $ 827,247 $ 803,973 3% 3%

SOREL 82,832 288 83,120 80,964 2% 3%

prAna 30,172 2 30,174 30,375 (1)% (1)%

Mountain Hardwear 23,336 173 23,509 28,113 (17)% (16)%

Total $ 962,582 $ 1,468 $ 964,050 $ 943,425 2% 2%

Product category net sales:

Apparel, accessories and equipment $ 743,907 $ 766 $ 744,673 $ 734,315 1% 1%

Footwear 218,675 702 219,377 209,110 5% 5%

Total $ 962,582 $ 1,468 $ 964,050 $ 943,425 2% 2%

Channel net sales:

Wholesale $ 636,724 $ (116) $ 636,608 $ 634,171 —% —%

DTC 325,858 1,584 327,442 309,254 5% 6%

Total $ 962,582 $ 1,468 $ 964,050 $ 943,425 2% 2%

(1) Constant-currency net sales is a non-GAAP financial measure. See “Supplemental Financial Information” above for further information.

COLUMBIA SPORTSWEAR COMPANY

Reconciliation of GAAP to Non-GAAP Financial Measures

Net Sales Growth - Constant-currency Basis

(Unaudited)

Nine Months Ended September 30,

Reported

Net Sales Adjust for Foreign Currency Constant-currency

Net Sales Reported

Net Sales Constant-currency

Net Sales

(in thousands, except percentage changes)

2026 Translation

2026(1)

2025 % Change

% Change(1)

Geographical net sales:

United States $ 1,283,412 $ — $ 1,283,412 $ 1,352,988 (5)% (5)%

Latin America and Asia Pacific 445,629 (2,775) 442,854 407,901 9% 9%

Europe, Middle East and Africa 463,749 (16,822) 446,927 402,503 15% 11%

Canada 163,167 (1,532) 161,635 163,731 —% (1)%

Total $ 2,355,957 $ (21,129) $ 2,334,828 $ 2,327,123 1% —%

Brand net sales:

Columbia $ 2,072,617 $ (20,698) $ 2,051,919 $ 2,035,439 2% 1%

SOREL 136,277 (567) 135,710 141,995 (4)% (4)%

prAna 80,158 (6) 80,152 79,026 1% 1%

Mountain Hardwear 66,905 142 67,047 70,663 (5)% (5)%

Total $ 2,355,957 $ (21,129) $ 2,334,828 $ 2,327,123 1% —%

Product category net sales:

Apparel, accessories and equipment $ 1,864,368 $ (15,436) $ 1,848,932 $ 1,857,437 —% —%

Footwear 491,589 (5,693) 485,896 469,686 5% 3%

Total $ 2,355,957 $ (21,129) $ 2,334,828 $ 2,327,123 1% —%

Channel net sales:

Wholesale $ 1,356,149 $ (14,369) $ 1,341,780 $ 1,351,158 —% (1)%

DTC 999,808 (6,760) 993,048 975,965 2% 2%

Total $ 2,355,957 $ (21,129) $ 2,334,828 $ 2,327,123 1% —%

(1) Constant-currency net sales is a non-GAAP financial measure. See “Supplemental Financial Information” above for further information.

EX-99.2

Filename: cfocommentaryq32026_vf.htm · Sequence: 3

cfocommentaryq32026_vf

CFO COMMENTARY AND FINANCIAL REVIEW THIRD QUARTER 2026 September 30, 2026 Exhibit 99.2

This presentation does not constitute an offer or invitation for the sale or purchase of securities and has been prepared solely for informational purposes. This presentation contains forward-looking statements within the meaning of the federal securities laws regarding Columbia Sportswear Company’s business opportunities and anticipated results of operations. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward- looking statements because they contain words such as “may,” “might,” “will,” “would,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “likely,” “goal,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions. Unless the context indicates otherwise, the terms "we," "us," "our," "the Company," and "Columbia" refer to Columbia Sportswear Company, together with its wholly owned subsidiaries and entities in which it maintains a controlling financial interest. The Company's expectations, beliefs and projections are expressed in good faith and are believed to have a reasonable basis; however, each forward-looking statement involves a number of risks and uncertainties, including those set forth in this document, those described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q under the heading "Risk Factors," and those that have been or may be described in other reports filed by the Company, including reports on Form 8-K. Potential risks and uncertainties that may affect our future revenues, costs, earnings and performance and could cause the actual results of operations or financial condition of the Company to differ materially from the anticipated results expressed or implied by forward-looking statements in this document include: loss of key customer accounts; our ability to execute the ACCELERATE Growth Strategy; our ability to effectively execute our business strategies, including initiatives to upgrade our business processes and information technology (“IT”) systems and investments in our DTC businesses; our ability to maintain the strength and security of our IT systems; the effects of unseasonable weather, including global climate change; the seasonality of our business and timing of orders; trends affecting consumer spending, including changes in the level of consumer spending, and retail traffic patterns; unfavorable economic conditions generally; the financial health of our customers and retailer consolidation; higher than expected rates of order cancellations; changes affecting consumer demand and preferences and fashion trends; changes in international, federal or state tax, labor and other laws and regulations that affect our business, including changes in corporate tax rates, tariffs, international trade policy and geopolitical tensions, or increasing wage rates; our ability to attract and retain key personnel; risks inherent in doing business in foreign markets, including fluctuations in currency exchange rates, global credit market conditions, changes in global regulation and economic and political conditions and disease outbreaks; volatility in global production and transportation costs and capacity and timing; our ability to effectively manage our inventory and our wholesale customers’ ability to manage their inventories; our dependence on third- party manufacturers and suppliers and our ability to source at competitive prices from them or at all and our ability to import product; the effectiveness of our sales and marketing efforts; business disruptions and acts of terrorism, cyber-attacks or military activities around the globe; intense competition in the industry; our ability to establish and protect our intellectual property; and our ability to develop innovative products. The Company cautions that forward-looking statements are inherently less reliable than historical information. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this presentation. Nothing in this presentation should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We do not undertake any duty to update any of the forward-looking statements after the date of this document to conform the forward-looking statements to actual results or to changes in our expectations. FORWARD-LOOKING STATEMENTS

Since Columbia Sportswear Company is a global company, the comparability of its operating results reported in U.S. dollars is affected by foreign currency exchange rate fluctuations because the underlying currencies in which it transacts change in value over time compared to the U.S. dollar. To supplement financial information reported in accordance with GAAP, the Company discloses constant-currency net sales information, which is a non-GAAP financial measure, to provide a framework to assess how the business performed excluding the effects of changes in the exchange rates used to translate net sales generated in foreign currencies into U.S. dollars. The Company calculates constant-currency net sales by translating net sales in foreign currencies for the current period into U.S. dollars at the average exchange rates that were in effect during the comparable period of the prior year. Management believes that this non-GAAP financial measure reflects an additional and useful way of viewing an aspect of our operations that, when viewed in conjunction with our GAAP results, provides a more comprehensive understanding of our business and operations. Free cash flow is a non-GAAP financial measure. Free cash flow is calculated by reducing net cash flow from operating activities by capital expenditures. Management believes free cash flow provides investors with an important perspective on the cash available for shareholders and acquisitions after making the capital investments required to support ongoing business operations and long-term value creation. Free cash flow does not represent the residual cash flow available for discretionary expenditures as it excludes certain mandatory expenditures. Management uses free cash flow as a measure to assess both business performance and overall liquidity. Non-GAAP financial measures, including constant-currency net sales and free cash flow, should be viewed in addition to, and not in lieu of or superior to, our financial measures calculated in accordance with GAAP. The Company provides a reconciliation of non-GAAP measures to the most directly comparable financial measure calculated in accordance with GAAP in the back of this presentation in the “Appendix”. The non-GAAP financial measures and constant-currency information presented may not be comparable to similarly titled measures reported by other companies. REFERENCES TO NON-GAAP FINANCIAL INFORMATION GLOSSARY OF PRESENTATION TERMINOLOGY DTC DTC.com DTC B&M y/y U.S. LAAP EMEA SG&A EPS bps direct-to-consumer DTC e-commerce DTC brick & mortar year-over-year United States Latin America and Asia Pacific Europe, Middle East and Africa selling, general & administrative earnings per share basis points “+” or “up” “-” or “down” LSD% MSD% HSD% LDD% low 20% mid 30% high 40% increased decreased low-single-digit percent mid-single-digit percent high-single-digit percent low-double-digit percent low-twenties percent mid-thirties percent high-forties percent “$##M” “$##B” c.c. M&A FX ~ H# Q# YTD in millions of U.S. dollars in billions of U.S. dollars constant-currency mergers & acquisitions foreign currency exchange approximately First half, second half Quarter 1, 2, 3, 4 Year-to-date

ACCELERATE PROFITABLE GROWTH CREATE ICONIC PRODUCTS Differentiated, Functional, Innovative DRIVE BRAND ENGAGEMENT Increased, Focused Demand Creation Investments ENHANCE CONSUMER EXPERIENCES Invest in Capabilities to Delight and Retain Consumers AMPLIFY MARKETPLACE EXCELLENCE Digitally-Led, Omni-Channel, Global EMPOWER TALENT THAT IS DRIVEN BY OUR CORE VALUES Through a Diverse and Inclusive Workforce W E C O N N E C T A C T I V E P E O P L E W I T H T H E I R P A S S I O N S

CAPITAL ALLOCATION PRIORITIES DEPENDENT UPON OUR FINANCIAL POSITION, MARKET CONDITIONS AND OUR STRATEGIC PRIORITIES, OUR CAPITAL ALLOCATION APPROACH INCLUDES: INVEST IN ORGANIC GROWTH OPPORTUNITIES RETURN AT LEAST 40% OF FREE CASH FLOW TO SHAREHOLDERS OPPORTUNISTIC M&A TO DRIVE LONG-TERM PROFITABLE GROWTH THROUGH DIVIDENDS AND SHARE REPURCHASES OUR GOAL IS TO MAINTAIN OUR STRONG BALANCE SHEET AND DISCIPLINED APPROACH TO CAPITAL ALLOCATION.

Q3’26 FINANCIAL OVERVIEW Q3’26 FINANCIAL RESULTS COMPARED TO Q3’25 Q3’26 Highlights: • Net sales reflected growth in most of our international markets, partially offset by lower U.S. net sales. • Compared to guidance, net sales upside primarily reflected a portion of delayed Fall ’26 wholesale orders shipping earlier-than- expected, and improved trends in our U.S. DTC business. • Operating margin expansion primarily reflected the absence of prior year impairment charges related to prAna and Mountain Hardwear and SG&A expense leverage. • Exited the quarter with $229.6M of cash, cash equivalents and short-term investments, and no borrowings. • Inventory was up 11 percent y/y, primarily reflecting higher in-transit inventory from delayed Fall ’26 receipts and earlier production of Spring ’27 inventory. Overall inventory composition, including the aging of older season inventories, remains healthy.

Q3’26 ACTUAL VS LAST YEAR Commentary on Q3’26 financial results vs last year: • Net sales reflected growth in most of our international markets, partially offset by lower U.S. net sales, which reflected later shipments of Fall ’26 wholesale orders, partially offset by growth in our DTC business. • Gross margin contraction primarily reflected accommodations to our factory partners, partially offset by the current-period benefit of IEEPA tariff refunds previously received. • SG&A was down 1 percent y/y, largely driven by disciplined expense management, partially offset by higher incentive compensation and DTC expenses. • Diluted EPS increased $0.71, reflecting the absence of prior year impairment charges of $29.0M related to prAna and Mountain Hardwear, which negatively impacted diluted EPS by $0.46.

Q3’26 REGIONAL NET SALES PERFORMANCE Commentary below is based on constant-currency performance. U.S. • Wholesale: down LSD%, reflecting a shift in shipment timing of increased Fall ’26 orders, which were proportionately less weighted to the third quarter this year vs last year. • DTC: up LSD% (DTC B&M up LSD%, DTC.com up MSD%), led by DTC.com, reflecting execution of the ACCELERATE Growth Strategy. DTC B&M growth reflected improved productivity despite continued traffic headwinds. • The Company had 169 stores (147 outlets, 22 branded) exiting Q3’26 vs. 172 stores (152 outlets, 20 branded) exiting Q3’25. LAAP • Japan: up LSD% (up LDD% c.c.), growth across channels reflected healthy demand for fall season products. • China: up low-20% (up low teens% c.c.), robust growth across channels amid a challenging macroeconomic and competitive environment. • Korea: up mid teens% (up high teens% c.c.), led by wholesale sales, reflecting increased Fall ’26 orders. • LAAP Distributor: down LSD%, primarily reflecting a shift in timing of increased Fall ’26 order shipments into Q2’26 compared to prior year. EMEA • Europe-direct: up LSD% (up LSD% c.c.), robust DTC performance despite a warm start to the Fall season and a challenging macroeconomic environment, partially offset by a decline in wholesale, reflecting Fall ’26 supply chain delays. • EMEA Distributor: up high-30%, primarily reflecting a shift in timing of increased Fall ’26 order shipments into Q3’26 compared to prior year. Canada • Down LSD% (relatively flat c.c.), driven by a shift in timing of Fall ’26 orders out of Q3’26 compared to prior year, partially offset by growth in DTC.com reflecting execution of the ACCELERATE Growth Strategy. Q3’26 NET SALES VS. Q3’25 CANADA -2% (0% c.c.) $87M U.S. -1% (-1% c.c.) $541M EMEA +7% (+7% c.c.) $175M LAAP +11% (+10% c.c.) $159M

Q3’26 NET SALES OVERVIEW Q3’26 NET SALES VS. Q3’25 CATEGORY PERFORMANCE CHANNEL PERFORMANCE WHOLESALE: DTC: +5% (+6% c.c.) $637M $326M 0% (0% c.c.) • Both Columbia and SOREL footwear grew in the quarter • Columbia reflected growth in most of our international markets, partially offset by a modest decline in the U.S. • SOREL growth primarily reflected increased Fall ’26 wholesale orders • Mountain Hardwear decline primarily reflected lower Fall ’26 wholesale orders and closeout sales • Wholesale net sales growth in our Asia-direct and EMEA Distributor businesses was offset by delayed Fall ’26 wholesale shipments, primarily in the U.S. and Europe-direct • DTC B&M +4%, DTC.com +9% APPAREL, ACCESSORIES & EQUIPMENT: $744M +1% (+1% c.c.) FOOTWEAR: +5% (+5% c.c.) $219M BRAND PERFORMANCE +3% (+3% c.c.) $826M +2% (+3% c.c.) $83M -1% (-1% c.c.) $30M -17% (-16% c.c.) $23M

Q3’26 GROSS MARGIN BRIDGE HEADWINDS • Tariff Refund / Accommodations: reflecting accommodations to our factory partners, partially offset by the current-period benefit of IEEPA tariff refunds previously received TAILWINDS • Channel Profitability: primarily reflecting lower DTC outbound freight costs despite increased fuel prices Q3’26 GROSS MARGIN CONTRACTED 20 BPS Y/Y TO 49.8%

Q3’26 SG&A BRIDGE VS LAST YEAR * Excludes Retail; ** Excludes Advertising Q3’26 SG&A DECREASED $5.3 MILLION, OR 1% Q3’26 SG&A WAS 39.0% OF NET SALES COMPARED TO 40.4% IN Q3’25 PRIMARY SG&A EXPENSE DECREASES • Corporate Overhead and Other: primarily reflecting disciplined expense management • Supply Chain: reflecting disciplined expense management and decreased distribution center expenses • Demand Creation: reflecting a shift in timing of planned spend PRIMARY SG&A EXPENSE INCREASES • Incentive Compensation: y/y changes in accrued incentive compensation • Omni-Channel: primarily reflecting higher DTC B&M expenses from new stores and international DTC sales growth

BALANCE SHEET OVERVIEW Cash, cash equivalents and short-term investments totaled $229.6M, compared to $236.0M as of September 30, 2025. $230M +11% BALANCE SHEET AS OF SEPTEMBER 30, 2026 INVENTORY CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS Inventories +11% y/y to $889.2M. Inventory growth primarily reflected higher in-transit inventory from delayed Fall ’26 receipts and earlier production of Spring ’27 inventory. Inventory at quarter-end primarily consisted of current and future season product, with older season inventories representing a manageable portion of total inventory.

CAPITAL OVERVIEW $281M Net cash flow used in operating activities was $280.5M, compared to $333.4M for the same period in 2025. Capital expenditures totaled $40.8M, compared to $46.6M for the same period in 2025. $200M The Company repurchased 3,342,569 shares of common stock for an aggregate of $200.0M (based on trade date), for an average price per share of $59.83. YTD SHARE REPURCHASES YTD CAPITAL EXPENDITURES YTD NET CASH FLOW USED IN OPERATIONS $0.30 Quarterly dividend ($0.30 per share) – payable on December 3, 2026 to shareholders of record on November 19, 2026. DECLARED DIVIDENDS $41M

2026 AND PRELIMINARY H1’27 FINANCIAL OUTLOOKS The Company’s 2026 and Preliminary H1’27 Financial Outlooks are forward-looking in nature, and the following forward-looking statements reflect our expectations as of October 29, 2026 and are subject to significant risks and business uncertainties, including those factors described under “Forward- Looking Statements” elsewhere in this presentation. These risks and uncertainties limit our ability to accurately forecast results. 2026 Financial Outlook Outlook Compared to 2025 Net sales $3.46B to $3.50B (Prior $3.43B to $3.50B) +2.0% to +3.0% (Prior +1.0% to +3.0%) Gross margin 52.1% to 52.3% (unchanged) +160 bps to +180 bps (unchanged) SG&A percent of net sales 43.8% to 44.0% (Prior 43.6% to 44.2%) -40 bps to -20 bps (Prior -60 bps to Flat) Operating margin 8.7% to 9.1% (Prior: 8.5% to 9.3%) +260 bps to +300 bps (Prior: +240 bps to +320 bps) Effective income tax rate ~25.0% (unchanged) 22.8% Diluted EPS $4.65 to $4.90 (Prior: $4.45 to $4.90) +44% to +51% (Prior: +37% to +51%) U.S. Tariff Assumptions • The Company’s financial outlook assumes current U.S. tariff rates continue through the end of 2026. • As of September 30, 2026, we received refunds of approximately $79 million for IEEPA tariffs previously paid, including interest. Of this amount, for the nine months ended September 30, 2026, $58 million was recognized in earnings, including a benefit of $55 million recognized in cost of sales, net of accommodations to our factory partners, and $2.5 million recognized as interest income. Tariff refunds of $8 million remain deferred in inventory, which we expect to be recognized as a future benefit to gross margin as the associated inventory is sold in the fourth quarter of 2026. Overall, the net impact of tariff refunds increases our 2026 reported EPS by $0.97.

2026 AND PRELIMINARY H1’27 FINANCIAL OUTLOOKS ASSUMPTIONS Net sales Anticipated net sales growth primarily reflects: • Growth from the Columbia, SOREL and prAna brands • International growth led by Europe-direct, China and International Distributors, partially offset by a modest decline in the U.S. • Growth in DTC and wholesale - DTC growing faster than wholesale • Footwear growth faster than apparel • Foreign currency is expected to have a 50 to 70 bps (prior: 30 to 50 bps) favorable impact on full year reported net sales Gross margin Anticipated gross margin expansion primarily reflects: • An approximate 180 basis-point benefit from IEEPA tariff refunds net of accommodations to factory partners • Targeted U.S. price increases for Spring ’26 and Fall ’26 products • Slight favorability in channel and regional sales mix shift; partially offset by: • Higher incremental U.S. tariffs compared to the prior year SG&A expenses Anticipated SG&A expense growth includes: • Higher omni-channel spend, including increased DTC expenses from new stores and variable expenses from planned DTC sales growth; and • Higher incentive compensation expenses compared to reduced levels in 2025; partially offset by • Lower personnel expenses and professional fees in targeted business areas resulting from Profit Improvement Program actions taken in the prior year Demand creation as a percent of net sales is anticipated to be ~6.5% of net sales, compared to 6.5% of net sales in 2025. Share count and foreign currency • The diluted EPS range is based on estimated weighted average diluted shares outstanding of ~51.3M (prior: ~51.4M). • Foreign currency translation and transactional effects are expected to have an approximate $0.10 favorable impact on diluted EPS (unchanged). Cash flow • Operating cash flow is anticipated to be $230M to $250M (prior: $290M to $310M), reflecting earlier production of Spring ’27 inventory, which is expected to increase our year-end inventory balance. • Capital expenditures are planned to be between $60M to $70M (prior $65M to $75M). Q4’26 outlook • Net sales of $1,108M to $1,145M, representing a range of +3.5% to +7.0% compared to Q4’25 - Growth in DTC and growth in wholesale, partly reflecting timing shifts of Fall ’26 shipments from Q3 to Q4 - Growth led by the U.S., Europe-direct and China • Gross margin expansion, primarily resulting from the recognition of remaining tariff refunds • Operating margin of 10.8% to 12.0% of net sales, compared to 10.9% for Q4’25 • Earnings per share is expected to be $1.85 to $2.10, compared to $1.73 for Q4’25 Preliminary H1’27 outlook • Wholesale sales growth of mid-single-digit percent vs. the prior year, in the U.S. and globally

ACCELERATE GROWTH STRATEGY M A R K E T P L AC ECreate elevated omni-channel brand experiences Maintain outlet and value-oriented wholesale distribution Activate brand and product strategies by elevating the position of the Columbia brand in the U.S. marketplace P R O D U C TEmphasize innovation and style Deliver durable, high-value products Streamline assortment with fewer, more powerful collections with clear purpose B R A N D C O N S U M E R Fuel Our Growth Strengthen Our Core Elevate consumers’ perception of the Columbia brand Refreshed creative strategy that brings Columbia’s unique brand personality to life Deliver growth with new consumers Bring new younger, active consumers into the brand Steward core consumer segments Continue to serve existing consumers with accessible outdoor essentials M A R K E T I N G Deliver integrated full-funnel marketing Higher and more efficient demand creation spending, with more creative and immersive ways to experience the brand ACCELERATE is a growth strategy intended to elevate the Columbia brand to attract younger and more active consumers. It is a multi-year effort centered around several consumer-centric shifts to our brand, product and marketplace strategies, as well as enhanced ways of working. Last year, the Columbia brand launched its new brand platform “Engineered for Whatever” through a global brand campaign, released certain new products designed with a younger, more active consumer in mind, and re- launched the U.S. Columbia.com website, with enhanced features and photography. The foundational shifts of the ACCELERATE Growth Strategy are continuing to show tangible signs of traction with our target consumers.

COLUMBIA BRAND STRATEGIC PILLARS 0 50 40 3 OWN THE TRAIL 0 1 DOMINATE WARM 0 2 POWER PFG 0 3 0 4 FUEL OUTDOOR LIFESTYLE ACCELERATE FOOTWEAR 0 5 As the ACCELERATE Growth Strategy evolves, the Columbia brand is sharpening its focus on 5 strategic pillars, and building credibility, relevance and style in outdoor performance and lifestyle.

A P P E N D I X

Q3’26 CONSTANT-CURRENCY RECONCILIATION

NINE MONTHS FREE CASH FLOW RECONCILIATION

GRAPHIC

Filename: cfocommentaryq32026_vf001.jpg · Sequence: 7

Binary file (170697 bytes)

Download cfocommentaryq32026_vf001.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf002.jpg · Sequence: 8

Binary file (285466 bytes)

Download cfocommentaryq32026_vf002.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf003.jpg · Sequence: 9

Binary file (206300 bytes)

Download cfocommentaryq32026_vf003.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf004.jpg · Sequence: 10

Binary file (143671 bytes)

Download cfocommentaryq32026_vf004.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf005.jpg · Sequence: 11

Binary file (120014 bytes)

Download cfocommentaryq32026_vf005.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf006.jpg · Sequence: 12

Binary file (151238 bytes)

Download cfocommentaryq32026_vf006.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf007.jpg · Sequence: 13

Binary file (152592 bytes)

Download cfocommentaryq32026_vf007.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf008.jpg · Sequence: 14

Binary file (182318 bytes)

Download cfocommentaryq32026_vf008.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf009.jpg · Sequence: 15

Binary file (159730 bytes)

Download cfocommentaryq32026_vf009.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf010.jpg · Sequence: 16

Binary file (106564 bytes)

Download cfocommentaryq32026_vf010.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf011.jpg · Sequence: 17

Binary file (144447 bytes)

Download cfocommentaryq32026_vf011.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf012.jpg · Sequence: 18

Binary file (147638 bytes)

Download cfocommentaryq32026_vf012.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf013.jpg · Sequence: 19

Binary file (224449 bytes)

Download cfocommentaryq32026_vf013.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf014.jpg · Sequence: 20

Binary file (160230 bytes)

Download cfocommentaryq32026_vf014.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf015.jpg · Sequence: 21

Binary file (222954 bytes)

Download cfocommentaryq32026_vf015.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf016.jpg · Sequence: 22

Binary file (188977 bytes)

Download cfocommentaryq32026_vf016.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf017.jpg · Sequence: 23

Binary file (199719 bytes)

Download cfocommentaryq32026_vf017.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf018.jpg · Sequence: 24

Binary file (120925 bytes)

Download cfocommentaryq32026_vf018.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf019.jpg · Sequence: 25

Binary file (131975 bytes)

Download cfocommentaryq32026_vf019.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf020.jpg · Sequence: 26

Binary file (76324 bytes)

Download cfocommentaryq32026_vf020.jpg

GRAPHIC

Filename: cfocommentaryq32026_vf021.jpg · Sequence: 27

Binary file (34158 bytes)

Download cfocommentaryq32026_vf021.jpg

GRAPHIC

Filename: logo3a91.jpg · Sequence: 28

Binary file (11230 bytes)

Download logo3a91.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 30

v3.26.3

Cover Page Document

Oct. 29, 2026

Cover Page [Abstract]

Entity Central Index Key

0001050797

Title of 12(b) Security

Common stock

Entity Incorporation, State or Country Code

Document Type

8-K

Document Period End Date

Oct. 29, 2026

Entity Registrant Name

COLUMBIA SPORTSWEAR COMPANY

Entity File Number

000-23939

Entity Tax Identification Number

93-0498284

Entity Address, Address Line One

14375 Northwest Science Park Drive

Entity Address, City or Town

Portland

Entity Address, State or Province

Entity Address, Postal Zip Code

97229

City Area Code

503

Local Phone Number

985-4000

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Trading Symbol

COLM

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Amendment Flag

false

- Definition

Cover Page [Abstract]

+ References

No definition available.

+ Details

Name:

colm_CoverPageAbstract

Namespace Prefix:

colm_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration